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Sep 18, 2012
09/12
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to put that in some kind of relative quotient, that's more than we spend at the department of commerce, the department of education, energy, home lan security, interior, justice and state combined. and if interest rates were at their median level they were in the 1990s or in the first decade of this year, we'd be spending over $650 billion a year on interest alone. and if we do nothing, we'll be spending over a trillion dollars on interest every year before you know it. and if you think about that, that's a trillion dollars we can't spend to educate our kids or to build infrastructure in this country so we can move our services and goods to the marketplace. and it's a trillion dollars we can't spend to perform research in this country so the next new thing is created here and making that doubly bad is that's a trillion dollars that will be spent principally in foreign countries where we're borrowing most of this money from to educate their kids, to build their infrastructure and to do the high value-added research over there so the jobs of the future are there, not here. i think that i
to put that in some kind of relative quotient, that's more than we spend at the department of commerce, the department of education, energy, home lan security, interior, justice and state combined. and if interest rates were at their median level they were in the 1990s or in the first decade of this year, we'd be spending over $650 billion a year on interest alone. and if we do nothing, we'll be spending over a trillion dollars on interest every year before you know it. and if you think about...
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Sep 18, 2012
09/12
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against the commerce and cumbersome tax code of the policy. any payment, no doubt about it -- any attempt to exercise performed simultaneously -- i figured the medicare at the same time. eventually we need to find a method that can solve that problem. how do we do it? i will tell you today, let me find the exact part that i want to read to you. because i'm learning this because i have so much respect for you and i want to talk about it today. you heard what i was thinking. the opposite of what we were talking about and sequester and these details for the congress has to vote on each item. obviously, they have to vote on each item now there is no way to avoid it. but we are going to be talking about developing a process, we are going to tell you that it is a regulatory order. .. >> they would be fast track to buy operation of law. that means there is no filibuster, a time limits on how this this would be conducted. with the etfs mindich chance to vote but then will save the country. i am convinced we have a smart enough people to try to work th
against the commerce and cumbersome tax code of the policy. any payment, no doubt about it -- any attempt to exercise performed simultaneously -- i figured the medicare at the same time. eventually we need to find a method that can solve that problem. how do we do it? i will tell you today, let me find the exact part that i want to read to you. because i'm learning this because i have so much respect for you and i want to talk about it today. you heard what i was thinking. the opposite of what...
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Sep 17, 2012
09/12
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to put that in some kind of relative quotient, that's more than we spend at the department of commerce, the department of education, energy, homeland security, interior justice, and state combined. and if interest rates were at their medium level they were in the 1990's or in the first decade of this year, we would be spending over $650 billion a year on interest alone. and if we do nothing, we'll be spending over $1 trillion on interest every year before you know it. and if you think about that, that's a trillion dollars we can't spend to educate our kids or to built infrastructure in this country so we can move our services and god to the market place. it's a trillion dollars we can't spend to perform research in this country so the next new thing is created here and making that double belie bad, that's a trillion dollars that will be spent principally in foreign countries where we're borrowing most of the money from to educate their kids to build their infrastructure and to do the high value-added research over there so the jobs of the future are there not here. i think that is craz
to put that in some kind of relative quotient, that's more than we spend at the department of commerce, the department of education, energy, homeland security, interior justice, and state combined. and if interest rates were at their medium level they were in the 1990's or in the first decade of this year, we would be spending over $650 billion a year on interest alone. and if we do nothing, we'll be spending over $1 trillion on interest every year before you know it. and if you think about...
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Sep 24, 2012
09/12
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herbert hoover when i got to the commerce department i wondered why would you name the commerce building after the president responsible for the depression not to betray my partisan leanings? but i developed a lot of respect for herbert hoover. herbert hoover may not have been the greatest president but he was a great commerce secretary. they called him the secretary of commerce and the undersecretary of everything else and he was working for calvin coolidge and you know what herbert hoover did? he believed in the american economic system and he and calvin coolidge, the great limited government poured in billions of dollars to separate the aviation industry in wichita kansas and funded the existence of the infrastructure, and calvin coolidge talks about the importance of investment and roads and eisenhower was the highway and ronald reagan invested in the talks we set up the semiconductor industry, and the manufacturing extension partnership which now some people think is irrelevant oracle was the brainchild of ronald reagan will? what has happened? the last 30 years there has been the s
herbert hoover when i got to the commerce department i wondered why would you name the commerce building after the president responsible for the depression not to betray my partisan leanings? but i developed a lot of respect for herbert hoover. herbert hoover may not have been the greatest president but he was a great commerce secretary. they called him the secretary of commerce and the undersecretary of everything else and he was working for calvin coolidge and you know what herbert hoover...
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Sep 15, 2012
09/12
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herbert hoover when i got to the commerce department wondered why would you name the commerce building after the president responsible for the depression? not to be trey my partisan leanings. i developed a lot of respect for hoover. he was not the best president but he was a great commerce secretary. they called herbert hoover the secretary of commerce and undersecretary of everything else and he was working for calvin coolidge. herbert hoover believed in the american economic system and he and calvin coolidge, the apostle of limited government ordered billions of dollars to set up the aviation industry. in wichita, funded the existence of infrastructure and calvin coolidge talks about the importance of investment in roads and eisenhower and even ronald reagan invested and fed of the semiconductors and the manufacturing partnership which some people think is irrelevant would be a brainchild of reagan so what has happened. in the last 30 years there has been the sense that government no longer should matter among some people with certain ideologies. they argue that america should not ma
herbert hoover when i got to the commerce department wondered why would you name the commerce building after the president responsible for the depression? not to be trey my partisan leanings. i developed a lot of respect for hoover. he was not the best president but he was a great commerce secretary. they called herbert hoover the secretary of commerce and undersecretary of everything else and he was working for calvin coolidge. herbert hoover believed in the american economic system and he and...
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Sep 10, 2012
09/12
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in her work hoover, when i got to the commerce department i wondered why would you name the commerce building after the president responsible for the depression, not to betray my partisan leanings, but i developed a lot of respect for her but hoover. herbert hoover we have not been the best president, but he was a great commerce secretary. they called him the secretary of commerce and undersecretary of everything else. he was working for calvin coolidge, you know what he did? he believed in the urban american system coming and he had calvin coolidge, the great apostle of the limited government poured in billions of dollars to separate the aviation industry. so the help which is now still in wichita kansas, funding the existence of the infrastructure. and calvin coolidge, which i quote in the book talks about the importance of the investment in roads, and you have eisenhower of course with the highways and even ronald reagan invested in the semiconductor industry, and the manufacturing partnership which now some people think is irrelevant or bureaucratic was actually the grandchild of
in her work hoover, when i got to the commerce department i wondered why would you name the commerce building after the president responsible for the depression, not to betray my partisan leanings, but i developed a lot of respect for her but hoover. herbert hoover we have not been the best president, but he was a great commerce secretary. they called him the secretary of commerce and undersecretary of everything else. he was working for calvin coolidge, you know what he did? he believed in the...
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Sep 18, 2012
09/12
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if you go back to the commerce power argument in the commerce power argument the fact the congress had never done this before and for 200 years congress had every incentive to impose mandates on people to solve social problems but they never used that authority in 200 years was viewed as one of the challenge's most powerful arguments that when it comes to the taxing power of the fact that this tax doesn't come with in any recognized category of direct tax or indirect tax is seen as the key to why it is not an impermissible direct tax. the other part of the analysis the chief justice focused on was the fact that in the framing generation there was a tax on carriages. on owning a carriage. that issue divided the framers. madison thought that was an impermissible direct tax. hamilton thought it was permissible in direct tax. the issue made it to the supreme court and the supreme court decided with hamilton. the problem is as the chief's analysis makes clear this isn't a tax on buying health insurance. this is a tax on not having health insurance. the analogy is not a tax on having a carri
if you go back to the commerce power argument in the commerce power argument the fact the congress had never done this before and for 200 years congress had every incentive to impose mandates on people to solve social problems but they never used that authority in 200 years was viewed as one of the challenge's most powerful arguments that when it comes to the taxing power of the fact that this tax doesn't come with in any recognized category of direct tax or indirect tax is seen as the key to...
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Sep 16, 2012
09/12
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that's the same as, bigger than the combined budgets of the departments of commerce, education, energy, homeland security, interior, justice, state, plus the federal courts. so how is it that we're able to borrow so much money and pay so little interest on it? why aren't we like spain or italy or greece? if sorting out because we will manage our finances, or that we have a political system that seems to be a marvel of efficiency of compromise and comedy. it's because the rest of the world looks even worse. the united states is the world's tallest midget when it comes to borrowing money. if this could go on for ever, it would be fantastic. it is not going to go on forever. i have no clue when it's going to in but it's not going to go on forever. as interest rates return to normal, the share of the federal budget that goes to interest is going to rise. and that will crowd that spending on other things. it means they will pay taxes and will borrow money and some of the money would borrow will go to pay interest on the money we borrowed flashy. some of taxes we pay will go to pay interest
that's the same as, bigger than the combined budgets of the departments of commerce, education, energy, homeland security, interior, justice, state, plus the federal courts. so how is it that we're able to borrow so much money and pay so little interest on it? why aren't we like spain or italy or greece? if sorting out because we will manage our finances, or that we have a political system that seems to be a marvel of efficiency of compromise and comedy. it's because the rest of the world looks...
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Sep 10, 2012
09/12
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somebody serving on a chamber of commerce, that means they are willing to talk publicly. if i just start cold calling businesses, i've had success with it, but they get weird about why you are calling and what you're asking about. that's as easy way is find small cities with manufacturers on their chamber of commerce boards, a good way to go about it. if you're trying to find regular people, it's not that difficult for the med care cuts, the dock fix, that's a case where local, almost every state has a medical association. they also have regional ones that are useful for the purpose. they all know people who know people who you can actually get into in this way, and then finding individuals. if you're not working for -- if qowr working for a local outlet, there's different things you can do. i've done my share of mall reporting to find antedotes for stories that have nothing to do with shopping, but if you're working for a national outlet, the most effective thing to do is stand in front of the white house, and there's tourists with views on tax cuts or whatever it is the
somebody serving on a chamber of commerce, that means they are willing to talk publicly. if i just start cold calling businesses, i've had success with it, but they get weird about why you are calling and what you're asking about. that's as easy way is find small cities with manufacturers on their chamber of commerce boards, a good way to go about it. if you're trying to find regular people, it's not that difficult for the med care cuts, the dock fix, that's a case where local, almost every...
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Sep 12, 2012
09/12
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chamber of commerce, national governors association, the governors wind energy coalition, american farm burea federation and many major national newspapers have all weighed in saying this is important to our country's future. members on both sides of the aisle, have i mentioned, have said the p.t.c. should be extended because they know and they've seen the positive effects of the p.t.c. on their communities and across the country. they also know that wind energy and renewable energy more generally is the future. it's the wave of the future. there's no question. all you have to do is look at the rest of the world. look at china, look at spain, look at denmark, look at developing countries. they're all investing in clean energy. it is not something they're doing to feel good. in sum extending the p.t.c. is a no-brainer. it's common sense. we need to do the job we were sent here to do. we ought to be extending the p.t.c. as soon as possible. it equals jobs. we ought to pass it as soon as possible. madam president, i'm going to continue coming to the floor every day until we finish the job.
chamber of commerce, national governors association, the governors wind energy coalition, american farm burea federation and many major national newspapers have all weighed in saying this is important to our country's future. members on both sides of the aisle, have i mentioned, have said the p.t.c. should be extended because they know and they've seen the positive effects of the p.t.c. on their communities and across the country. they also know that wind energy and renewable energy more...
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Sep 11, 2012
09/12
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chamber of commerce, 20 years later, came out with another study. this is the u.s. chamber of commerce. this is not the social scientists. these are hardheaded business people. what did they say in the u.s. chamber of commerce report? we've got to put more money spew preschoo -- moremoney into pres. well, we at the federal level have been doing that through a program called head start, and we've had head start, i think if i'm not mistaken, since about 1968. high-quality early childhood education has been proven to save taxpayer dollars in the long run by reducing the costs for welfare, special education, and, might i add, criminal justice. read that -- jail time. one of the highest correlative -- in fact, if i'm not mistaken, the highest correlative factor for people who are incarcerated in our prisons is the lack of a high school education. urn the romney-ryan budget, up to 200,000 low-income children and their families could lose access to head start, again, in fiscal year 2014. i'm not talking about over the next ten years. i'm talking about in one year, 2014. we
chamber of commerce, 20 years later, came out with another study. this is the u.s. chamber of commerce. this is not the social scientists. these are hardheaded business people. what did they say in the u.s. chamber of commerce report? we've got to put more money spew preschoo -- moremoney into pres. well, we at the federal level have been doing that through a program called head start, and we've had head start, i think if i'm not mistaken, since about 1968. high-quality early childhood...
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Sep 22, 2012
09/12
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. >> so for the commerce and from florida he is 200,000 beneficiaries, for because 7000 medicare advantage. you know, 10, 12, 15,000 beneficiaries will lose the plan may have today moved back into the traditional program. i don't be that as a positive development. fee-for-service has advantages and can be an important program, but one has to recognize it is not coordinated care. it is fragmented care and doesn't deliver higher-quality care. there is so much are to prove that. >> so your testimony today is the trustees, the people calling and strikes are saying that any period of six years, a third of the beneficiaries are going to be out of the system and it is your conclusion that one third leaves because of the downward pressure on reimbursement. either they take themselves out. the beneficiaries do, or carriers no longer participate in the program. as i write quick >> slightly less than one third come to just below that most of the reasons why. >> by yield that. >> mr. reichert is recognized for five minutes. >> thank you, mr. chairman. i am going to continue this line of questioning th
. >> so for the commerce and from florida he is 200,000 beneficiaries, for because 7000 medicare advantage. you know, 10, 12, 15,000 beneficiaries will lose the plan may have today moved back into the traditional program. i don't be that as a positive development. fee-for-service has advantages and can be an important program, but one has to recognize it is not coordinated care. it is fragmented care and doesn't deliver higher-quality care. there is so much are to prove that. >> so...
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Sep 27, 2012
09/12
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today we have e-banking and e-commerce already in the internet. we are moving toward a future of having our energy distribution of a smart protected to the internet. we are moving to a generation of next generation aviation and air traffic control that is controlled by the internet and over the internet. and so we have moved so much of our essential services on to the internet than one has to ask, is that what it was designed for? is it's a cure for what we need a fork in the future? this brings about three tensions. i am going to try to stick to three. three tensions that we are seeing in the policy world and then three that we have seen in the technology will. the first is, we are seeing attention of the need for an economic policy to stimulate the economy verses the demand for national security. i see in the economic growth is measured nearly at 4 percent gdp growth. that is the small estimation right now, and that is what the jeep 20 countries are expecting, developing nations are expecting the icc and the economy to contribute to as much as 1
today we have e-banking and e-commerce already in the internet. we are moving toward a future of having our energy distribution of a smart protected to the internet. we are moving to a generation of next generation aviation and air traffic control that is controlled by the internet and over the internet. and so we have moved so much of our essential services on to the internet than one has to ask, is that what it was designed for? is it's a cure for what we need a fork in the future? this...
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Sep 28, 2012
09/12
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today, we have the bank and e-commerce all on the internet. we're moving toward a future of having our energy distribution, smart grid that is connected to the internet. we are moving to a generation of next-generation aviation and air traffic control that is controlled by the internet and over the internet. so we have moved so much are essential services onto the internet, and one has to ask is that what it was designed for, and is it secure or what we need for in the future? this brings about three tensions. i'm going to try to stick to three. three tensions that are in the technology world. the first is we are seeing attention and need from an economic policy to stimulate the economy for national security. the economic growth that the promises our country is measure cleared at 4% gdp growth. that's the small -- that's what the g20 countries are expected. developing nations are expecting to contribute as much as 10% of the gdp growth. so we're going to continue to embrace the internet and the e-economy in order to drive the growth was it his
today, we have the bank and e-commerce all on the internet. we're moving toward a future of having our energy distribution, smart grid that is connected to the internet. we are moving to a generation of next-generation aviation and air traffic control that is controlled by the internet and over the internet. so we have moved so much are essential services onto the internet, and one has to ask is that what it was designed for, and is it secure or what we need for in the future? this brings about...
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Sep 11, 2012
09/12
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morning very much like this, terrorists attacked the symbols of american strength, our economy and our commerce, our military might and our democracy. and took the lives of citizens for more than 90 countries. it was the worst terrorist attack on america in our history. today, people gather across the united states, around the world to remember the tragic events of 9/11. some take part in ceremonies like this, other spend others spend time with quiet reflection, prayer and all of us take a moment to remember again where we were at that fateful moment. here together as one family, we pause to honor and to pray and to remember 184 lives lost at the pentagon, more than 2700 killed in lower manhattan and the 40 who perished in that field in pennsylvania on flight 93. these victims families remember those who were lost as mothers and fathers, brothers and sisters, sons and daughters. the family members here today know that the entire nation, the entire nation, joins you in mourning the loss of your loved ones. we are honored by your presence and just as your loved ones are heroes forever, so are all
morning very much like this, terrorists attacked the symbols of american strength, our economy and our commerce, our military might and our democracy. and took the lives of citizens for more than 90 countries. it was the worst terrorist attack on america in our history. today, people gather across the united states, around the world to remember the tragic events of 9/11. some take part in ceremonies like this, other spend others spend time with quiet reflection, prayer and all of us take a...
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Sep 12, 2012
09/12
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we litigate risks that establishes measures to promote the safe movement of people and commerce and protecting civil rights and civil liberties. with this in mind, we are also delivered an efforts to provide travelers an opportunity to be heard. the inquiry program is a single point of contact for individuals, who have increased the experiences during travel. today, in response to 9/11, we have significantly adapted and enhance our ability to detect travel threats at the earliest opportunity. we do not work alone in this mission. terror screening is a multiagency and collaborative effort. more work remains to be done. i can assure you that the men and women of the department of homeland security never forget. our goal is to keep the country safe. for us it is not a job. it is a mission. thank you for this opportunity to update the committee on the progress we have made in recent years and thank you for holding this hearing. i have submitted written testimony and requested us to be made part of the record. >> thank you very much. the chair now recognizes mr. kevin mcaleenan. >> yes, that is ver
we litigate risks that establishes measures to promote the safe movement of people and commerce and protecting civil rights and civil liberties. with this in mind, we are also delivered an efforts to provide travelers an opportunity to be heard. the inquiry program is a single point of contact for individuals, who have increased the experiences during travel. today, in response to 9/11, we have significantly adapted and enhance our ability to detect travel threats at the earliest opportunity....
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Sep 29, 2012
09/12
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[inaudible] >> shortt bonsignore uncommitted work as the eye of cheapest form of commerce, work and advice. >> lloyd it's great to have you here, very candid and upfront discussion and a great round of applause for our guest of honor. [applause] >> thank you. >> my opponent and his running mate are big believers in top-down economics. now they basically think of way to spend another $5 trillion on tax cuts that favor the very wealthy -- don't boo, vote. [cheers and applause] >> he's got new idea. one thing he did not do in his first four years, he said he is going to do in the next four years which is to raise taxes. is there anybody who thinks that raising taxes will help grow the economy? no, his plan is to continue what he is done before. the status quo has not worked. we cannot afford four more years of barack obama and we are not going to have four more years of barack obama. we talked to cnbc host maria bartiromo about wall street's view of the economy. this is 50 minutes. >> host: joining us from our new york studio is a familiar face to anyone who is turned on cnbc, maria bartiromo
[inaudible] >> shortt bonsignore uncommitted work as the eye of cheapest form of commerce, work and advice. >> lloyd it's great to have you here, very candid and upfront discussion and a great round of applause for our guest of honor. [applause] >> thank you. >> my opponent and his running mate are big believers in top-down economics. now they basically think of way to spend another $5 trillion on tax cuts that favor the very wealthy -- don't boo, vote. [cheers and...
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Sep 22, 2012
09/12
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lawrence a way to open up the center of the country to commerce and trade and later of course the federal highway system, that times the largest public works project in american history. eisenhower was a military man but he was not relativistic. bat as he did not think that war was often a solution to anything. he was what one would call slow to pick up the sword. ike's public persona to grandfather the man with a big smile was largely ike's personal invention. behind the scenes he was strategically vigorous and a tough-minded commander in chief. the people who worked work for him never doubted who was in charge. eisenhower was -- more than any other person. he never had forgotten where he came from and that is why his presidential library is in abilene kansas, close to where i live. ike was not a professional politician that he was one of the most successful politicians in our history and supremely protective of his image. ike did not hesitate to use support like secretary of state john foster dulles as lightning rods for controversial politics that were in fact his creation. eisenhower
lawrence a way to open up the center of the country to commerce and trade and later of course the federal highway system, that times the largest public works project in american history. eisenhower was a military man but he was not relativistic. bat as he did not think that war was often a solution to anything. he was what one would call slow to pick up the sword. ike's public persona to grandfather the man with a big smile was largely ike's personal invention. behind the scenes he was...